Member Info for Pecten11

Dicko, your just make yourself sound silly now
'No worries, .26 wasnt the low could buy under 0.25p' - check the ticker, no trades went through under 25p

'Short squeeze' now that is funny -- please explain

'Good production numbers' - have been saying that's exactly what is required for the last 18 months, but they need to be repeatable

apologies for the CAPS, but to differentiate...
Dicko, from your post.....

So to summarise

Confirmation required

A - Rot has stopped -BASED ON WHAT, NO FIGURES
B - Running at breakeven - BASED ON WHAT, NO FIGURES. TAKING AP'S WORD IN AN RNS HAS A POOR RECORD OF BECOMING REALITY
C - in profit - SAME AS ABOVE
D - ramp up I production - GREAT IN THEORY - AS YET HAVENT BEEN ABLE TO HIT PUBLISHED TARGETS
E - finance sorted - REALLY?? BEEN REFUSED AT LEAST THREE TIMES - WHY DO THINK THEY TOOK ATLAS - NO CHOICE
F - JORC resource confirmed from drilling - SHOULD HAVE DONE IT TWO YEARS AGO
G - Manilla brought online - WHEN? YOU SAY NEAR TERM - WHAT DO YOU CALL NEAR TERM.

So looking at the above seems recent placees would have Insight on current ops and agreed to placing price of 0.8p - RECENT PLACESS SHOULD NOT HAD ANY INSIGHT ON CURRENT OPS, OR ARE YOU SAYING VAST GAVE THEM INSIDE INFORMATION?

Similar to large holders increasing holdings recently - WHO HAVE SINCE HAD THEIR HOLDINGS DILUTED BY VAST HAVING TO ISSUE MILLIONS OF NEW SHARES

Theres been a lot of bottoms forecast over the last three years..........

I take no joy in saying this Dicko, but welcome to the VAST club, over 10% down in 90 minutes of trading......
- truly amazing timing by the way, buying on yesterday's lows and telling everyone today.....

Theres been a lot of bottoms forecast over the last three years..........

I take no joy in saying this Dicko, but welcome to the VAST club, over 10% down in 90 minutes of trading......
- truly amazing timing by the way, buying on yesterday's lows and telling everyone today.....

Oil beast, that's the problem with assuming something....

I tried to make it very clear my post was purely about EarlofAim and his behaviour, not about Sensyne

And while I'm here, I think the attempted parallels to HUR are wide of the mark

Hector, it's not Atlas' fault, its VASTs board and CEO for getting them into the position that finance from the likes of Atlas was the only option - and what makes it worse, is they've done it before

- this post has nothing to do with Sensyne

EarlofAim ‘ the level of ramping to get few quid is unbelievable.’

Based on your behaviour on other boards, I really hope you are being ironic, if not, give your head a wobble

Dicko - we should have had TR1s from AP, Shaun Dowling and David Jones this week because a load of shares have been admitted for trading, lowering their respective holding percentages through notification thresholds
Bless you for trying to find a ramping angle, but as I posted earlier, if the CEOs own holding has been diluted in value by a 50x multiple in the last two years, why, seriously why, do you think any PI will do better?

To think that since AP and RT had to become subject to the same dilution as cash paying shareholders AP's shares are now only worth about £52.5k - off the top of my head think they might once have been valued at around £2.5M

Thanks Sandy, must admit I have no recollection of the possibility of conversion rights accumulating - scary possibility but would explain Atlas this month

Randomfella 'So much for the RNS stating they wouldn't convert for another 3 months...that lasted a whole day!'

The RNS didn't say anything like that - just that a 3 month extension to any outstanding bond repayment had been agreed

The only condition which I had thought was still in place was that Atlas could only convert a max of $500k per month - that has now obviously fallen by the wayside too based on this months conversion notice RNSs, so the only limit will be how much volume exists in trading for them to get rid of any conversion (at 90% of the lowest price in the previous 20 trading days, so if, and that's a big if, there was a jump in the SP, all that will happen is Atlas will get a larger profit and any holder will get further diluted

Gug, as trading is suspended, why are your squeals of outrage becoming more strident

Calm down, go away and if WRES returns to an exchange then return - you sound like a toddler stamping his feet, trying to get attention

If by punt, you mean running up and hoofing the can (sorry ball, sorry actual progress) as far away from reality as possible......

If by punt, you mean running up and holding the can (sorry ball, sorry actual progress) as far away from reality as possible......

Mannan 'Did you get the massage?'

The only happy ending with today's RNS is for those drawing a VAST salary.......

The watcher- happy to be corrected, but dont think that can be correct, legally the board of a PLC has to have permission from its shareholders to issue shares, either granted at the AGM or an intermediate GM.
That permission (or headroom) is usually valid for months - it's why AIM companies are often subject to such dilution, as requests of upto 100% of previously share capital is sadly common (obviously not always used)

Why do you think otherwise re VAST?

So hypothetically, 3 months conversion of $500k per month at 10% discount to the lowest price over the previous 20 trading days (generously let's say 0.004p), would imply around another 294 million shares to be issued

Anybody know how much headroom is available?

Is there an international sport of kicking the can down the road ??

Even if the definitive paperwork with, cough, cough, the swiss boutique bank ( a euphemism for sure) had been written in copperplate calligraphy, then it should have been complete by now

See we are still missing the TR1s - now do you think that's because they dont know what they are doing, or because they have no respect for their duty to AIM / shareholders - mind you based on previous accuracy of timelines given perhaps they will notify the exchange by July 202???

While the underlying commercial message is obviously positive, theres not enough detail to get excited and as stated that the model will be updated following the next drilling campaign, highlights that, as far as TR is concerned, its stills while off before any final investment decision.
Means that some will take money off the the table in the short term - they may get caught out if the Ghaghoo JV is with a player of size and momentum

For the maths to be correct on his TR1, the shares from the placing/subscription must have been admitted to AIM

So we should have had TR1s from AP, Shaun Dowling and Axis as they would have all passed through notifiable thresholds on the same day
Then we should get further TR1s on Monday, when Atlas' last two conversions will be added to the shares in issue, causing further thresholds to be breached
Let's see if the respective shareholders follow the rules of the exchange?